Urban Land In The Heart Of Loulé - Approved Project For 6 Villas

€ 760,000 £ 654,899 $ 894,826

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Key information

Reference: PP175147

Land

Loule, Central Algarve

Ownership Status: Company

Built in: n/a

1,789m² Plot size

€ 425 £ 366 $ 500 / m² plot

This strategically located plot in the eastern part of Loulé boasts a prime position in a rapidly developing urban area. Close to the city centre, it is surrounded by a variety of services and commercial establishments, offering convenience and accessibility.

An approved project for this land includes the construction of six south-facing, three-bedroom townhouses within a private condominium. The development features modern architectural design tailored to meet family needs, providing a sophisticated and convenient lifestyle.

Property Highlights:

Plot Area: 1789 m²
Gross Construction Area: 893.77 m²
Building Footprint: 792 m²
Private Parking Spaces: 18 (3 per unit)
Public Parking Spaces: 5
Number of Floors: 2 above ground + basement and rooftop

Each townhouse spans three floors with a total floor area of 123.34 m², distributed as follows:

Basement: A 70 m² garage with space for three cars.
Ground Floor: Includes an entrance hall, a hallway connecting all rooms, a guest bathroom, an open-plan living room with a kitchen, and direct access to a spacious backyard with a garden.
First Floor: Features a common bathroom, two bedrooms with wardrobes, and one bedroom with an en-suite bathroom.
Rooftop: A private terrace for each unit.

The contemporary and bold design of these townhouses ensures they stand out within the urban environment for their elegant simplicity. This is a unique investment opportunity in an exclusive residential development.

Location Benefits:

Less than 12 minutes from Quinta do Lago
Approximately 15 minutes from the most famous beaches of the Algarve
5 minutes from Mar Shopping and IKEA
Close to the A22 motorway
15 km from Faro International Airport

This plot is ideal for those looking to invest in a premium housing project in one of the most desirable locations in the Algarve.

Features

Pool
Garage
Terrace/Balcony
Storage room
Spacious
Features great views
Morning sun
Evening sun
Near bars / restaurants
Near school(s)
Near shops

Energy rating

A+
A
B
B-
C
D
E
F
G

The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.

Key information

Reference: PP175147

Land

Loule, Central Algarve

Ownership Status: Company

Built in: n/a

1,789m² Plot size

€ 425 £ 366 $ 500 / m² plot

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Loule, Central Algarve

Loulé is famous throughout Portugal for hosting the biggest and most flamboyant Brazilian-style carnival each year before Easter. At carnival time the town is transformed into a mesmerising party of colour, music and dancing. The event attracts people from all over the Algarve who come to watch the processions and join in the festive atmosphere.

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Loulé sits 12 km from the coastline of the 'Golden Triangle', an area which encompasses the luxury resorts of Vale do Lobo and Quinta do Lago.

The centre of the town is steeped in history. Its thirteenth century castle is built on an area previously settled by the Romans and its main church, Igreja Matriz de S.Clemente, was built on the site of an ancient mosque and also dates back to the thirteenth century. Loulé market hall (Mercado Municipal) is a striking landmark and an excellent example of classic Moorish architecture. It re-opened in early 2007 after a long period of renovation. Browse the town’s cobbled streets and you will see how Loulé has gained a reputation as the craft capital of the Algarve. Local handicrafts include ceramics, copperware, leatherwear, embroidered linen and tableware, quilts and lace, many of which can be purchased at the colourful Saturday gypsy market.

Some perks of owning property in Loule: Faro Airport is just 20 minutes’ drive away and is served by several low-cost airlines, it is traditional Algarve combined with modern living, just 10 minutes’ drive to the 'Golden Triangle' town of Almancil, easy access to excellent road and rail networks, close to world-renowned golf courses, a wide choice of local leisure activities for all ages including art galleries, swimming pools and a sports pavilion, a wealth of restaurants and bars serving international cuisine, traditional markets, numerous supermarkets, English-speaking banks, pharmacies, local health centres and other amenities. A new major retail outlet with Ikea and 110 shops, opening in 2017, is a short drive away, plenty of entertainment for the children in and around the area including Roma mini golf park in Vilamoura, Aquashow waterpark near Quarteira and the renowned Zoomarine centre in Albufeira.

If you are seeking a property in an authentic country town in the foothills of the Algarve mountains then search no further than Loulé. This town is one of the oldest in the region and is located just 18 km (11 miles) northwest of Faro.